The Potential Effect of Brexit on Insurance Regulation in the UK

  • Julian Burling


How far will Solvency II and the IDD continue to form the substantive content of UK insurance regulation after Brexit? The stated preference of the UK government and of many UK insurers is for UK insurers and intermediaries to be able to continue to operate in the single European market with as close an approximation to the current passporting rights as can be negotiated. It is widely assumed that the retention of much of the substance of Solvency II in UK domestic legislation will be necessary to achieve this. The current “equivalence” provisions are not enough. Whether Solvency II-based capital requirements would continue to be appropriate for UK life insurers focused on North American or Asian markets and with no significant European business is a debated point.


IDD IMD Brexit 


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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Julian Burling
    • 1
  1. 1.Serle Court Chambers, Lincoln’s InnLondonUK

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